Newspapers Buy Topix.net

Rich Skrenta reports that 75% of his Topix.net has been sold to three newspaper groups. Topix has been a hot property for some time, and news of the deal whilst surprising, makes an awful lot of sense, particulary from the point of view of a very scared newspaper industry...

Banks Fined by NASD

NASD has censured and fined Citigroup Global Markets, American Express Financial Advisors and Chase Investment Services.